Thai Exports Set to Lose Momentum as US Tariff Begins to Bite

Thailand’s exports grew at the slowest pace in almost a year as US tariff impact began hurting demand for it products, with officials warning that shipments are set to further lose momentum in the coming months.

Exports rose 5.8% in August, the weakest growth since September last year, according to data released by the Commerce Ministry on Wednesday. That missed median forecast for a 7% gain in a Bloomberg survey. In contrast, imports surged 15.8%, topping 8.2% projected by analysts.

The surge in imports sent Thailand’s August trade balance into a deficit of $1.96 billion, the first gap since April, ...